Core Viewpoint - Geely Automobile is undergoing a strategic transformation by divesting its non-core business, specifically selling stakes in Geely Xinhua to focus on enhancing its core automotive business competitiveness [1][2] Group 1: Transaction Details - Geely Automobile announced a share transfer agreement with Zhejiang Jiyue, where it will sell 41.5% and 28.5% stakes in Geely Xinhua for RMB 49.8 million and RMB 34.2 million respectively [1] - After the completion of the sale, Geely Automobile will no longer hold any equity in Geely Xinhua [1] Group 2: Business Focus and Strategy - Geely Xinhua primarily develops, produces, and sells electric vehicle battery cells, modules, and packs [1][2] - The divestment is aimed at allowing Geely Automobile to concentrate on its main business and optimize cash flow, as the synergy effects with other brands under Geely Holdings are weak [2] - The company plans to streamline its business structure, enhance resource efficiency, and improve brand focus through this strategic shift [1][2]
吉利汽车附属拟出售吉利欣旺达的41.5%股权以专注于主营业务及优化现金流